St. Mary’s CU Names New CEO

St. Mary’s Credit Union last week announced the appointment of James C. Garvey as president/CEO. Prior to joining Marlborough, Mass.-based St. Mary’s Credit Union, Garvey was president/CEO of Borel Private Bank in San Mateo, Calif., and Charter Private Bank in Seattle.

Both banks are subsidiaries of Boston Private Financial Holdings. Garvey also led Flagship Bank and Trust in Worcester, Mass. from 2001 through 2009. Garvey has also held positions at Safety Fund National Bank and Shawmut Bank.

“St. Mary’s Credit Union is extremely excited to have someone with Mr. Garvey’s credentials and experience to lead our organization as we embark on our second century of service to our membership. We are confident the credit union will continue to experience the same level of success and service under his leadership as it has enjoyed throughout our rich history,” said Gerard P. Richer, chairman.

Garvey will take over the reins on Feb. 19 from Thomas H. Wellen, who has served in an interim capacity since June 2012.

Garvey is originally from Worcester, Mass. He received his MBA from Boston University and his B.A. in business administration from the University of Miami.

“My wife and I are excited to be returning home. St. Mary’s has a well-earned reputation for its commitment to the community and its members, and I am looking forward to being a member of the St. Mary’s Credit Union family,” said Garvey.

Founded in 1913, St. Mary’s Credit Union now has assets of $600 million.